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PANDEMIC SHOCKS AND MACRO-FINANCIAL POLICY RESPONSES: AN ESTIMATED DSGE-VAR MODEL FOR INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2022 This paper attempts to investigate the impact of policy mix in dealing with the COVID-19 pandemic. We employ the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) framework and the Del Negro et al. (2007) approach to estimate the model.
Advis Budiman +3 more
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Scenario Assessment of Macroeconomic Effects of Progressive Taxation in Russia [PDF]
Финансовый журналThe purpose of the study is to assess the impact of alternative options of progressive taxation on Russia’s macroeconomic performance. For quantitative assessments, a neoclassical general equilibrium model with heterogeneous households subject to ...
Elizaveta V. Martyanova +1 more
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J.A. Schumpeter (1908) and Money: Acting as Go-Between?
Œconomia, 2013 This paper examines J.A. Schumpeter’s theory of money, as expounded in his first book, Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie (The Essence and Main Contents of Theoretical Economics), published in 1908.
Cécile Dangel-Hagnauer
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Bankruptcy in General Equilibrium [PDF]
SSRN Electronic Journal, 2000 In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. This model is a more realistic representation of some markets in which intertemporal assets are traded. Using standard and natural assumptions, I show that every economy represented by this model has an equilibrium.
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On the variational equilibrium as a refinement of the generalized Nash equilibrium [PDF]
Automatica, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ankur A. Kulkarni, Uday V. Shanbhag
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MethodsX, 2022 Governments have introduced local individual transferable quotas (ITQs) to maintain fishery resource sustainability. However, quota rent-seeking activities by fishermen may weaken ITQ's resource conservation effect in countries with immature private ...
Yoshihiro Hamaguchi
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On the fundamental theorems of general equilibrium [PDF]
Economic Theory, 2007 Given an economy (consumers, preferences, production sets, endowments), defining a generalized competitive mechanism (assigning under conditions to each consumer an income) and using a weakening of Walras' law, then an application of Kakutani's fixed point theorem delivers an equilibrium.
Eric Maskin, Kevin W.S. Roberts
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General Equilibrium Pricing with Information Asymmetry
Frontiers in Applied Mathematics and Statistics, 2015 We propose a general equilibrium model for asset pricing that incorporates asymmetric information as the key element determining security prices. In our setting, the concepts of completeness, arbitrage, state price and equivalent martingale measure are ...
Yuzhong eZhang, Fangfei eDong
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Towards Money Market in General Equilibrium Framework
International Journal of Financial Studies, 2022 This paper aims to integrate the money market into the structure of the economy. The microfoundation is the starting point to define the money market and the general equilibrium mechanism of the economy.
Truong Hong Trinh
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A SAM framework for general equilibrium modeling and economic policy analysis
Cogent Economics & Finance, 2020 Social accounting matrix (SAM) is the linkage bridge between economic data and policy analysis in the general equilibrium models. While the empirical SAM is built upon economic data from the system of national accounts, the theoretical SAM is built upon ...
Truong Hong Trinh, Nguyen Manh Toan
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